The coastal areas contain half of the most fertile land in the country with substantial resources for fisheries and tourism.
With the implementation of Fomilenio II in the coastal area of El Salvador, there is great opportunity for the development of agriculture, leveraging funds expected to be provided by the U.S. government with a counterpart by the Salvadoran government, in addition to the private investment that could go along with production projects.
It has been announced that under the DR-CAFTA, a U.S. company will participate in the bidding for the concession without having to be prequalified.
"I will receive this company next week and want them to take part because under the Free Trade Agreement between Central America, the Dominican Republic and the U.S. (CAFTA), a company from the United States can enter the last phase of the tender directly without going through the prequalification stage" said Alexander Segovia, Technical Secretary of the Presidency.
The auction of 40 MHz of mobile spectrum has launched a discussion on whether to add new operators to the market in order to avoid dominant players.
According to Giovanni Berti, CEO of Proesa, companies have already begun to enter the contest. "The information I have is that in addition to the phone companies that are already established in the country, to date an international company whose name I'm not allowed to reveal yet has expressed interest," he said.
NanYang Footwear is to invest $3 million in the country to produce footwear and export it to other markets.
From a press release from the Presidency of El Salvador:
The Taiwanese company engaged in the manufacture of footwear NanYang Footwear, in a clear commitment to El Salvador, started operations in the country by establishing and expand its subsidiary in the country under the name of ADI FOOTWEAR SA de CV, with an initial investment of $1.5 million, plus plans to invest an additional $1.5 million and carry out an expansion which will generate more than 1,000 new jobs over the next year.
The Investment Committee of the Millennium Challenge Corporation has given approval for the implementation of Fomelino II in the marine coastal area of El Salvador.
This "is a momentous step for the realization of this strategic commitment which will bring significant benefits to the population of the coastal area and the country in general," said Alexander Segovia, Technical Secretary of the Presidency.
The government has started a consultation process in order to define an updated measurement system for national data, governed by an independent body.
From a press release by the Ministry of Economy of El Salvador:
The Minister of Economy, Armando Flores, the Technical Secretary of the Presidency, Alexander Segovia and the representative of the Inter-American Development Bank (IDB) in El Salvador, Rodrigo Parot, inaugurated a forum on a new statistics system which the Government of El Salvador wishes to implement. The two-day event will include the participation of experts in the field, from Mexico, Chile and Peru.
Some of the main businesses from El Salvador will be advocating for the realization of Fomilenio II and for a deepening of the Association for Growth pact signed between the two countries two years ago.
From a press release by the Presidency of El Salvador:
A delegation from the National Council for Growth will make an official visit to Washington DC from 24 to 26 June, where meetings will be held with senior government officials and the Congress of the United States, under the framework of the first 18 months of the Partnership for Growth.
A new wind farm and the expansion of the International Airport of El Salvador, are the first two projects to be conducted under this system.
"Today (yesterday) I called a meeting with the president of CEPA (Autonomous Executive Port Commission) and CEL (Executive Hydroelectric Commission of the Lempa River) to immediately structure the first two projects: the expansion of the international airport and the wind project which the CEL is working with," said Alexander Segovia, Technical Secretary of the Presidency.
A proposal by the Salvadoran Chamber of the Construction Industry aims to lower from two years to six months the time taken to obtain the necessary construction permits.
According to Carlos José Guerrero, president of the Salvadoran Chamber of the Construction Industry (Casalco) preparations have been made for the Act to Streamline Procedures for Building Permits which will be sent to Congress in the next few days.
The government of El Salvador has welcomed an announcement by the President of the airline of their intention to build its own terminal at Comalapa.
The Technical Secretary of the Presidency, Alexander Segovia, in light of statements by AviancaTaca’s CEO Roberto Kriete said, "A few weeks ago, the president of TACA approached us. We have assembled a working group. They are interested in building a terminal themselves, and we are very interested. "
The Ministry of Environment and Natural Resources (MARN) will develop two water management projects in 2011.
During the presentation of objectives for 2011, MARN detailed the creation of a "Water Fund" of $ 79 million, through an agreement with the Spanish Agency for Development Cooperation (AECI) and the Technical Department of the Presidency of El Salvador .
Tropical Storm Agatha caused $112.1 million in losses in infrastructure and agriculture.
The government is shifting funds from other budgets to handle the damages. Preliminary reports estimate that $44.1 million is required for the country’s infrastructure and $68.8 to cover losses in crops.
The technical secretary of the Presidency “explained that the money will be taken from the budgets of the State’s institutions, which are reviewing their finances to determine how much they can earmark for rebuilding the country”.
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